Hey all, my name is Cam and I am just getting into the Real Estate game out here in Richmond, Va.

Jake Armstrong Just purchased a 2 cam system with monitor for $149 on sale from BJ's Wholesale.

The town definitely revolves around the university.

Initially, I am planning to obtain some experience by doing a few deals in Singapore first before doing long-distance real estate investing but after reading several forum posts in biggerpockets, I am a bit anxious about the prospect of doing real-estate investing in Singapore because of the high-market price of the property and the strict rulings revolving around the real-estate market.

There are no pre payment penalties and you can re use it anytime because it's usually a revolving credit.

The reason we do so many credit cards is so that you leverage the banks agents each other, build your credit score, have room to grow you limits, and so you can have the money be revolving so you can just keep using it instead of having to go back to the bank like a traditional loan. 

If you pay it off and decide you need to use the money again, you have to go through underwriting all over and have your credit checked, assets checked, etc.HELOC is like a huge credit card as it is a revolving loan like a CC.

You can use financing from a bank if you have a revolving line of credit or something like that, but a bank will not issue a traditional mortgage because there is not time for that and the issues with the title prevent the bank from using the property to be purchased as collateral. 

I kind of in different cam on the 401 k saving. read the book really great contents but it can not be apply to everyone. if you live in high tax rate like California maxing out 401k might not be worst idea . if you are here than you are earning more anyway just to survive.again everyone and there life circumstances are different.coming back to your question.

I almost missed it - glad I cam back to check this thread!